Young Upstarts

All about entrepreneurship, intrapreneurship, ideas, innovation, and small business.

Choose Your Business Location Wisely

office window

Anyone that runs a company has to think carefully about where they locate their business. This is because where you are located says a lot about you and your business. Indeed, it can have a big impact on how successful your firm is.

Accessibility.

Where your business is located can also have an impact on how easy it is for you to attract new clients.If you are located in an out of the way place, that is difficult to get to, you are going to put customers off because it will not be easy for them to visit your business premises should they have to. Having an office close to a train station, or on a bus route, is particularly important if you offer a service, which requires you to meet face to face with clients.

Be close to your customer demographic.

However, being close to a good transport network is not enough. When choosing a location for your business it is important to locate yourself as close to your customer demographic as possible. For example, if you run a physiotherapy clinic, it makes sense to locate yourself in an area where there is a big elderly population because this type of person is more likely to need your service.

Likewise, if you do business with people from abroad looking for office space in Heathrow, or somewhere similar would be beneficial. It will make it easier for your customers to get to you, and for you to get to them when you need to hold face-to-face meetings.

Helps to build your brand.

In a world where everyone is bombarded with advertising, it can be hard to stand out from the crowd. The only way for you to ensure that yours is the firm that people think of when they need a product or service, is to build a strong brand.

A lot goes into doing this. It is not enough to simply have a logo, company colours and fonts and use them as much as you can. Far more goes into building a strong brand.

Everything you do or say sends a specific message to both existing and potential customers. That includes where you locate your business.

If you are located in an affluent area surrounded by other well-known companies that tells potential customers that you are successful. For many people this is a strong indication that you offer good quality products, and services. On some level, most consumers reason that only companies that do their job properly can continue to grow, and become successful. Naturally, they are drawn to companies like that and are more likely to feel comfortable about using you. On the other hand, if you are located in a rundown area, they are quite likely to think the opposite and not want to buy from you.

Attract the right talent.

Regardless of the type of business you are running it is important to be able to recruit and retain staff. Locating your offices somewhere that is close to a good transport network, in a nice area will help you to attract the right people and keep them.

As you can see where you choose to base your company is important. If you want to find out more you can do so by clicking here.

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Young Upstarts is a business and technology blog that champions new ideas, innovation and entrepreneurship. It focuses on highlighting young people and small businesses, celebrating their vision and role in changing the world with their ideas, products and services.

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